Elyxium Wealth LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Elyxium Wealth LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 249.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,010 shares of the Internet television network’s stock after purchasing an additional 721 shares during the quarter. Elyxium Wealth LLC’s holdings in Netflix were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. FMR LLC boosted its holdings in shares of Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after purchasing an additional 175,596 shares during the last quarter. Norges Bank purchased a new position in shares of Netflix during the 4th quarter valued at about $5,019,087,000. Finally, Alliancebernstein L.P. lifted its position in Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after buying an additional 82,564 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $1,144.43 on Friday. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,164.00. The firm’s 50-day moving average is $981.62 and its 200 day moving average is $929.20. The stock has a market cap of $487.04 billion, a price-to-earnings ratio of 57.71, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the company posted $8.28 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of several research reports. Rosenblatt Securities lifted their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Citigroup reiterated a “neutral” rating on shares of Netflix in a research report on Monday. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,025.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Finally, Pivotal Research increased their target price on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,084.91.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 32,515 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares of the company’s stock, valued at approximately $87,099,708.80. This trade represents a 29.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company’s stock, valued at $362,933.10. This represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,530 shares of company stock worth $137,602,751. 1.76% of the stock is owned by corporate insiders.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.